India’s Mfine raises $17.2M for its digital healthcare service – TechCrunch
Mfine, an India-based startup aiming to broaden access to doctors and healthcare by using the internet, has pulled in a $17.2 million Series B funding round for growth. The company is led by four co-founders from Myntra, the fashion commerce startup acquired by Flipkart in 2014. They include CEO Prasad Kompalli and Ashutosh Lawania who [?]
- Mfine, an India-based startup aiming to broaden access to doctors and healthcare using the internet, has pulled in a $17.2 million Series B funding round for growth.
- There's already plenty of money in Indian health tech platforms - Practo, for one, has raised over $180 million from investors like Tencent - but Mfine differentiates itself with a focus on partnerships with hospitals and clinics, while others have offered more daily health communities that include remote sessions with doctors and healthcare professionals who are recruited independently of their day job.
- The company claims to work with over 500 doctors from 100 'top' hospitals, while there's a big focus on tech.
- Going forward, Kompalli said that the company is increasing its efforts with corporate companies, where it can help cover employee healthcare needs, and developing its insurance-style subscription service.